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20121205
20121213
Search Results 0 to 4 of about 5 (some duplicates have been removed)
households. mostly because of fiscal cliff concerns and higher tax concerns. that said, i agree with ken. this is a larger issue that nobody is willing to talk about, the third rail of american politics -- entitlements. we can't raise taxes enough to compensate for what we need in our democrat kbrafk situation on entitlements. these are fundamental issues. it's important to understand that not only have we seen investment decline and the composition of employment. the manufacturing sector not showing big gains. the investment side of the equation not showing big gains. that shows delays in hiring and defer meant by the fiscal cliff. it's clear that we are at a fork in the road. we can choose to enhance our role in the global economy by taking the situation and making responsible decisions or by deliberately slitting our own economic throats we'll lose what credibility we have left. i think we are at the fork in the road now. >> john, instilling confidence would be a big role for washington. you know, there isn't a great deal of confidence in washington. there is less in congress. at this
, any room to negotiate, on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. the top negotiator for barack obama. >> there's no agreement that doesn't involve the rates going up on the top 2%. only the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, house speaker john boehner got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize that call? if he called, did he have any kind of counter-offer? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had
taxes on the top earners are we definitively heading over the fiscal cliff? >> i don't think we'll have a deal. the president has made that very clear that the top earners ought to be paying more and we should be dealing with tax rates going up as opposed to just revising the tax code and looking at deductions. and so i think the president has been very firm. and he is getting a lot of backup from people who stood in long lines on election day to elect him. he's well aware of that. but i think that's where his heart is, too. this is not something new. this is something that he campaigned on. and he won on. if you look at the polling numbers, this is what the american people voted for. they said that the upper earners should be paying more. >> i'm curious, though, from the president's perspective, how important is a deal now whether it's just a deal or the deal that he wants in terms of his second term, his overall political power if you will? how does that play out? >> knowing the president as i do, i think it is very important to him that he gets a deal. but i also know that he believe
prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonder, the president's saying, steve, that, you know what, we can
Search Results 0 to 4 of about 5 (some duplicates have been removed)